$899,000

House For Sale In Colwood, British Columbia

$899,000
  • 2

    Bedrooms

  • 1

    Bath

  • 6840.00 Square Feet

    Lot Size

Property Information:

DEVELOPMENT OPPORTUNITY! This property situated in a walkable community near shopping, banking, amenities, schools and public transportation offers the opportunity for redevelopment/rezoning to higher density to accommodate townhomes or mixed use development up to 4 stories with an FAR of 1.75 equating to a permitted development of approximately 11,970sqft subject to application and approval from the municipality. Tenant on a month to month basis paying $1800 per month would like to stay. The Official Community Plan provides for "Neighbourhood Centre" permitting the following uses - Multi-unit residential, mixed-use, Commercial, Institutional, Live/work, home occupation and customer service oriented industrial uses. Buyers must complete their due diligence with Colwood municipality to ensure they may utilise the property for their intended use. Great opportunity to buy and hold as higher density gets approved throughout Colwood.

Property Features:

  • Bedrooms: 2
  • Bathrooms: 1
  • Annual Tax Amount: $2,392
  • Accessibility Features: Ground Level Main Floor
  • Appliances: F/S/W/D, Refrigerator
  • Basement: Crawl Space, Other
  • Body Type: Single Wide
  • Building Features: Transit Nearby
  • Built in: 1972
  • Construction Materials: Frame Wood, Vinyl Siding
  • Cooling: None
  • Exterior Features: Balcony/Deck, Fencing: Partial
  • Floor Space (approx): 840 Square Feet
  • Flooring: Mixed
  • Foundation Details: Other
  • Heating: Baseboard, Electric
  • Interior Features: Dining/Living Combo, Eating Area
  • Laundry Features: In House
  • Lot Features: Central Location, Curb & Gutter, Easy Access, Level, Marina Nearby, Near Golf Course, No Through Road, Recreation Nearby, Rectangular Lot, Serviced, Shopping Nearby
  • Lot Frontage: 6840 Square Feet
  • Lot Size: 6840.00 Square Feet
  • Other Structures: Workshop
  • Ownership: Freehold
  • Parking Features: Carport, Driveway, Guest, RV Access/Parking
  • Pets Allowed: Aquariums, Birds, Caged Mammals, Cats OK, Dogs OK
  • Property Condition: Fixer, Land Value Only, Resale, Updated/Remodeled
  • Property Sub Type:
  • Road Surface Type: Paved
  • Roof: Asphalt Torch On
  • Utilities: Cable Available, Compost, Electricity Available, Garbage, Natural Gas Available, Phone Available, Recycling
  • Water Source: Municipal, To Lot
  • Window Features: Window Coverings
  • Zoning: R1 Residential
  • Zoning Description: Residential/Commercial
  • Sewer: Sewer Available
  • No. of Parking Spaces: 5

Rooms:

  • Living Main Level 3.05 m x 3.66 m
  • Bathroom Main Level
  • Bedroom Main Level 3.05 m x 3.05 m
  • Living Main Level 3.05 m x 3.66 m
  • Kitchen Main Level 1.83 m x 2.44 m
  • Bedroom Main Level 1.83 m x 2.44 m
  • Laundry Main Level 1.83 m x 1.83 m
  • Dining Main Level 1.83 m x 2.44 m

Courtesy of: Royal LePage Nanaimo Realty

MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.